If the board rejected a $22 offer.....

Just the notion that WDC is ready to outbid TPG was enough, so that STX management got scared away from selling cheap to TPG. Going private on a cheap is the best for the management and the worst for shareholders. Selling to a competitor is the best for shareholders, but not good for management, because they will have to leave their positions with the company. Antitrust issues are not very clear -- there are other hard drive manufacturers besides WDC and STX. And if we think of storage in general = SSD or HD, then the competitor space is huge. Also WDC knows about antitrust as well, and yet they were willing to approach. I think WDC just wanted to spoil the TPG takeover.

However, WDC has formally stated that they are interested in acquisition--just listen to CC they conduct; so WDC may continue to be interested in purchasing STX. Anti-trust concerns are there but that is why Corporate legal staff get paid so well, to figure out all the options.

Management I'm sure is not but the best way for them to get back at WD for spoiling their party now is to do the job they're being paid so richly for: i.e. running a disk drive company and to stop their self serving reindeer financial transaction games.

Yahoo! Finance Worldwide

Quotes are real-time for NASDAQ, NYSE, and NYSEAmex when available. See also delay times for other exchanges. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.